How Richardson was paid
$3.3M in total for 2025, as reported in the Summary Compensation Table. Equity awards are valued at grant, not at what they turned out to be worth.
Named executive officers
| Executive | Salary | Stock | Incentive | Other | Total |
|---|---|---|---|---|---|
| Greg RichardsonChief Executive Officer | $800,000 | $1,200,000 | $1,304,000 | $10,610 | $3,314,610 |
| Faramarz RomerChief Financial Officer | $500,000 | $350,000 | $380,000 | $26,860 | $1,256,860 |
| Patrick O’BrienChief Operating Officer & Chief Executive Officer, GRIL | $508,500 | $374,400 | $500,138 | $112,950 | $1,495,988 |
| Thomas CurnockGroup Chief Underwriting Officer & Chief Risk Officer | $520,000 | $350,000 | $510,560 | $21,235 | $1,401,795 |
| Brian O'ReillyHead of Innovations | $415,000 | $243,750 | $374,896 | $10,610 | $1,044,256 |
What changed and why
- $3.3MCEO Greg Richardson received total compensation of $3,314,610 for fiscal year 2025, compared to $2,323,230 in 2024.
- Stock awards granted to NEOs in 2025 were performance- and time-based restricted share units under the 2023 Incentive Plan.
- $1.3MNon-equity incentive plan compensation for the CEO was $1,304,000 for 2025 performance.
- 95%Say-on-pay advisory vote at the 2025 annual meeting received over 95% of votes cast in favor.
- $773.3MGross written premiums increased by 10.7% to $773.3 million in 2025 compared to 2024.
About this page
Figures are automated and can be wrong; check the filing for the exact numbers. Totals follow SEC rules, which value stock and option awards at grant. Read the DEF 14A proxy statement for footnotes and the compensation committee's full reasoning.